U.S. And China To Hold Tariff Talks In Switzerland

Top U.S. officials will meet a senior Chinese delegation in Geneva this weekend, marking the first major diplomatic engagement since President Donald Trump launched a sweeping trade war with new tariffs, Zeke Miller, Fatima Hussein, and Didi Tang reported for the Associated Press.

China, the world’s second-largest economy, has borne the brunt of Trump’s so-called “Liberation Day” tariffs, which were announced April 2.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will lead the American side in talks with their Chinese counterparts. The meeting comes amid rising anxiety in U.S. markets over the inflationary effects of the tariffs on consumer goods.

China, the world’s second-largest economy, has borne the brunt of Trump’s so-called “Liberation Day” tariffs, which were announced April 2.

In response, China imposed retaliatory tariffs of its own. Tariff rates between the two powers have since escalated dramatically—U.S. tariffs on Chinese goods now stand at 145%, while China’s tariffs on American exports have hit 125%.